General Discussion

ProfessorGAC

(64,995 posts)

5. More Than 3X!

Sat Nov 19, 2022, 02:18 PM

Nov 2022

Not just twice. He paid $44 billion. They have $14 billion in assets. He also assumed $21 billion in debt.
Then borrowed $11 billion to fund it.
So, it's now $14 billion in assets, $32 billion in debt against $5 billion in revenues.
He obviously didn't figure out that when he took over Tesla the infrastucture was in place for financial success. That is not clear as it comes to Twitter, and there's no evidence at either Tesla or SpaceX that his management abilities were instrumental to their successes.
It's very possible that he bit off more than he can chew.

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Highlight:

So why did Twitter sell? [View all] grumpyduck Nov 2022 OP

They were facing serious financial problems DavidDvorkin Nov 2022 #1

Musk offered twice the value of the company edhopper Nov 2022 #2

More Than 3X! ProfessorGAC Nov 2022 #5

Thank goodness he was long on crypto Effete Snob Nov 2022 #8

Well Played! ProfessorGAC Nov 2022 #9

If someone offers to massively overpay, you sort of have to accept... RockRaven Nov 2022 #3

Got it. Thank you. grumpyduck Nov 2022 #4

And, get this... Effete Snob Nov 2022 #7

Yo Grumpy Effete Snob Nov 2022 #6

I don't have a business, but grumpyduck Nov 2022 #13

Time to cash out C_U_L8R Nov 2022 #10

I think this was their motivation Clash City Rocker Nov 2022 #11

money, simple republianmushroom Nov 2022 #12

They basically had no choice Polybius Nov 2022 #14

Just think of all the happy stockholders who got out at the right time. Even if not their choice. keithbvadu2 Nov 2022 #15